Common use of Termination of Agreement; Survival Clause in Contracts

Termination of Agreement; Survival. (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the Underwriters, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11, such termination shall be without liability of any party to any other party, except that the provisions of Section 5(g) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 29 contracts

Samples: Underwriting Agreement (LB-UBS Commercial Mortgage Trust 2007-C7), Underwriting Agreement (LB-UBS Commercial Mortgage Trust 2008-C1), Underwriting Agreement (LB-UBS Commercial Mortgage Trust 2007-C1)

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Termination of Agreement; Survival. (a) The Lead Underwriters may terminate their the obligations of the Underwriters under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the Lead Underwriters, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11, such termination shall be without liability of any party to any other party, except that the provisions of Section 5(g) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 8 contracts

Samples: Underwriting Agreement (Commercial Mortgage Pass-Through Certificates Series 2000-C4), Underwriting Agreement (Structured Asset Sec Corp Comm Mort Pas THR Cert Ser 2002-C2), Underwriting Agreement (Structured Asset Sec Corp Comm Mort Pas THR Cert Ser 2000 C5)

Termination of Agreement; Survival. (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the UnderwritersRepresentative, impracticable to market the Underwritten Certificates or to enforce contracts for the sale of the Underwritten Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11Section, such termination shall be without liability of any party to any other party, except that the as provided in Section 11. (c) The provisions of Section 5(g5(e) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement (First Union Commercial Mortgage Securities Inc), Underwriting Agreement (First Union Commercial Mortgage Securities Inc)

Termination of Agreement; Survival. (a) The Underwriters may terminate their the obligations of the Underwriters under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the Underwriters, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section SECTION 11, such termination shall be without liability of any party to any other party, except that the as provided in SECTION 11(c) below. (c) The provisions of Section SECTION 5(g) hereof regarding the payment of costs and expenses and the provisions of Sections SECTIONS 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Structured Asset Sec Corp Com Mort Pas THR Certs Ser 2000-C3)

Termination of Agreement; Survival. (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the UnderwritersRepresentative, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 1112, such termination shall be without liability of any party to any other party, except that the as provided in Section 11. (c) The provisions of Section 5(g5(i) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Commercial Mortgage Pass Thru Cert Series 1999 C1)

Termination of Agreement; Survival. (a) The Lead Underwriters may terminate their the obligations of the Underwriters under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the Lead Underwriters, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11, 11 such termination shall be without liability of any party to any other party, except that the provisions of Section 5(g) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Structured Asset Securities Corp Ii)

Termination of Agreement; Survival. (a) The Underwriters Underwriter may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the UnderwritersUnderwriter, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11, such termination shall be without liability of any party to any other party, except that the as provided in Section 10. (c) The provisions of Section 5(g5(i) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Commercial Mort Pass Thru Cert Series 1998-C4)

Termination of Agreement; Survival. (a) a. The Underwriters may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the Underwriters, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) b. If this Agreement is terminated pursuant to this Section 11, such termination shall be without liability of any party to any other party, except that the provisions of Section 5(g) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Structured Asset Securities Corp Ii)

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Termination of Agreement; Survival. (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the UnderwritersRepresentative, impracticable to market the Underwritten Certificates or to enforce contracts for the sale of the Underwritten Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11Section, such termination shall be without liability of any party to any other party, except that the as provided in Section 11 or Section 12 (c). (c) The provisions of Section 5(g5(e) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (First Union Commercial Mortgage Securities Inc)

Termination of Agreement; Survival. (a) The Underwriters Underwriter may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the UnderwritersUnderwriter, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11Section, such termination shall be without liability of any party to any other party, except that the as provided in Section 10. (c) The provisions of Section 5(g5(i) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Structured Asset Securities Corp)

Termination of Agreement; Survival. (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Settlement Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company Company, FUNB and its their respective subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the Underwriterseither Underwriter, impracticable to market the Underwritten Certificates or to enforce contracts for the sale of the Underwritten Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11Section, such termination shall be without liability of any party to any other party, except that the as provided in Section 11 or Section 12 (c). (c) The provisions of Section 5(g5(e) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (First Union Commercial Mortgage Securities Inc)

Termination of Agreement; Survival. (a) The Underwriters Underwriter may terminate their obligations under this Agreement, by notice to the Company, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of the UnderwritersUnderwriter, impracticable to market the Certificates or to enforce contracts for the sale of the Certificates, or (iii) if trading generally on the New York Stock Exchange has been suspended, or if a banking moratorium has been declared by either federal or New York authorities. (b) If this Agreement is terminated pursuant to this Section 11, such termination shall be without liability of any party to any other party, party except that the as provided in subsection (c) below. (c) The provisions of Section 5(g5(i) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 1999-C2)

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